Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Italian ice cream manufacturing firm Sammontana is to cut 60 jobs at its site in Empoli. The company, one of the major players in the area of industrial ice cream and frozen pastry, employs about 1,200 employees in 4 production sites and has reported losses in the last 3 financial statements. According to the source, the crisis is due to the persistent negative sectoral trends, worsened by a cool summer that has already impacted on the demand of seasonal workers. Lay-offs should start by the beginning of January 2015 and will affect blue-collar and white-collar workers. The company has also required the activation of 13 weeks of Wages Guarantee Fund on rotation for a maximum of 220 employees. Trade unions wait to discuss about redundancies and wish that solutions will be found to reduce the impact and the number of dismissals and guarantee the sustainability of production.
Eurofound (2014), Sammontana, Internal restructuring in Italy, factsheet number 77698, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77698.
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